Latest: Japan 01:30 BoJ Board Member Suzuki Speaks Forecast: 0

Latest: United States 13:00 Jackson Hole Symposium Forecast: 0

Latest: Switzerland 14:30 SNB Chairman Thomas Jordan speaks Forecast: 0

Latest: Euro Area 10:00 EU Leaders Summit Forecast: 0

Latest: Kenya 14:00 GDP (QoQ) Forecast: 0 % Actual: -1.1%

USD/JPY

108.93

+0.3%

USD/CHF

0.9012

+0.09%

AUD/USD

0.7854

+0.08%

GBP/USD

1.4075

+0.56%

EUR/USD

1.2147

-0.16%

USD/CAD

1.2113

-0.12%

Economy of Latvia. Statistics, Data and Indicators

Latvia

69A-	Credit rank #39
N/A	Quality of life #
42	Corruption rank#41
19	Ease of doing business#19

Latvia

Business Indicators
Budget Indicators
Money Indicators

Taxes
GDP Indicators
Labor Indicators

Inflation Indicators
Trade Indicators
Consumer Indicators

Production Indicators
Housing Market

Latvia Major Economic Indicators

Indicator	Data	Period
GDP Value	34.12 USD Billion	2019
GDP Annual Growth Rate	-2.2 %	1Q/21
GDP Growth Rate	-2.6 %	1Q/21
GDP per capita	16698 USD	2019
Inflation Rate YoY	0.3 %	Mar/21
Interest Rate	0 %	Apr/21
Unemployment Rate	7.9 %	4Q/20
Wages	915 EUR/Month \| 1112.165 USD/Month	Dec/20
Balance of Trade	-49.4 EUR Million \| -0.06 B USD	Feb/21
Current Account	116 EUR Million \| 0.141 B USD	Feb/21
Foreign Exchange Reserves	4473 USD Million \| 4.473 B USD	Apr/21
Government Debt	12750 EUR Million \| 15.497 B USD	4Q/20

GDP

vvp

34.12

USD Billion

#99 from 174 countries

GDP per capita

vvp

16698

USD

#47 from 169 countries

GDP Indicators

Indicator	Data	Period
GDP Value	34.12 USD Billion	2019
GDP Annual Growth Rate	-2.2 %	1Q/21
GDP Growth Rate	-2.6 %	1Q/21
GDP per capita	16698 USD	2019
Gross National Product	8171 EUR Million \| 9.932 USD Billion	4Q/20
GDP Constant Prices	7225447 EUR Thousand \| 8.782 B USD	4Q/20
GDP per capita PPP	30830 USD	2019
GDP From Agriculture	173240 EUR Thousand \| 0.211 B USD	4Q/20
GDP From Construction	473007 EUR Thousand \| 0.575 B USD	4Q/20
GDP From Manufacturing	824005 EUR Thousand \| 1.002 B USD	4Q/20
GDP From Mining	174470 EUR Thousand \| 0.212 B USD	4Q/20
GDP From Public Administration	631746 EUR Thousand \| 0.768 B USD	4Q/20
GDP From Services	1003126 EUR Thousand \| 1.219 B USD	4Q/20
GDP From Transport	482990 EUR Thousand \| 0.587 B USD	4Q/20

Budget Indicators

Indicator	Data	Period
Government Debt to GDP	43.5 %	2020
Government Budget Value	-664503744 EUR \| -0.808 USD Billion	Mar/21
Government Spending	1478948 EUR Thousand \| 1.798 USD Billion	4Q/20
Government Debt	12750 EUR Million \| 15.497 USD Billion	4Q/20
Government Revenues	729450 EUR Thousand \| 0.887 USD Billion	Mar/21
Fiscal Expenditure	1355758 EUR Thousand \| 1.648 B USD	Mar/21
Government Budget to GDP	-4.5 %	2020
Government Spending to GDP	38.9 %	2019
Military Expenditure	727 USD Million \| 0.727 B USD	2019

Inflation Indicators

Indicator	Data	Period
Consumer Price Index (CPI)	110 index points	Mar/21
Export Prices	108 index points	Feb/21
Food Inflation	-0.6 %	Mar/21
Gasoline Prices	1.56 USD/Liter	Apr/21
GDP Deflator	1.1 %	4Q/20
Import Prices	96.6 index points	Feb/21
Inflation Rate YoY	0.3 %	Mar/21
Producer Prices	109 index points	Mar/21
Inflation Rate Mom	0.8 %	Mar/21
Core Consumer Prices	109 Index Points	Mar/21
Core Inflation Rate	0.5 %	Mar/21
CPI Housing Utilities	105 Index Points	Mar/21
CPI Transportation	108 Index Points	Mar/21
Harmonised Consumer Prices	110 Index Points	Mar/21
Producer Prices Change	3.4 %	Mar/21

Trade Indicators

Indicator	Data	Period
Current Account to GDP	-0.5 %	2019
Balance of Trade	-49.4 EUR Million \| -0.06 USD Billion	Feb/21
Capital Flows	594000 EUR Thousand \| 0.722 USD Billion	4Q/20
Current Account	116 EUR Million \| 0.141 USD Billion	Feb/21
Exports	1141 EUR Million \| 1.387 USD Billion	Feb/21
External Debt	36423 EUR Million \| 44.271 USD Billion	4Q/20
Foreign Exchange Reserves	4473 USD Million \| 4.473 USD Billion	Apr/21
Imports	1191 EUR Million \| 1.448 USD Billion	Feb/21

Money Indicators

Indicator	Data	Period
Bank Lending Rate	3.69 %	Feb/21
Gold Reserves	6.66 Tonnes	4Q/20
Interbank Rate	0.17 %	May/21
Interest Rate	0 %	Apr/21
Loans to Private Sector	4416 EUR Million \| 5.368 USD Billion	Mar/21
Money Supply M0	11124 EUR Million \| 13.521 USD Billion	Mar/21
Money Supply M1	16626 EUR Million \| 20.209 USD Billion	Mar/21
Money Supply M2	18314 EUR Million \| 22.26 USD Billion	Mar/21
Central Bank Balance Sheet	23061 EUR Million \| 28.03 B USD	Jan/21
Foreign Direct Investment	4 EUR Million \| 0.005 B USD	Jan/21

Labor Indicators

Indicator	Data	Period
Minimum Wages	500 EUR/Month \| 607.74 USD/Month	1Q/21
Retirement Age Men	63.75	2020
Retirement Age Women	63.75	2020
Unemployment Rate	7.9 %	4Q/20
Wages	915 EUR/Month \| 1112.165 USD/Month	Dec/20
Youth Unemployment Rate	15.1 %	Mar/21
Employed Persons	886 Thousand Person \| 0.886 Million Person	4Q/20
Employment Change	1.4 %	3Q/20
Employment Rate	63.8 %	4Q/20
Full Time Employment	767 Thousand Person	4Q/20
Job Vacancies	17079 \| 17.079 K	4Q/20
Labor Force Participation Rate	70.1 %	3Q/20
Long Term Unemployment Rate	2.2 %	3Q/20
Part Time Employment	77.8 Thousand Persons	4Q/20
Unemployed Persons	74232 Persons \| 0.074 Million Persons	Mar/21

Taxes

Indicator	Data	Period
Corporate Tax Rate	20 %	2020
Personal Income Tax Rate	31.4 %	2020
Sales Tax Rate	21 %	2020
Social Security Rate	35.09 %	2020
Social Security Rate For Companies	24.09 %	2020
Social Security Rate For Employees	11 %	2020

Production Indicators

Indicator	Data	Period
Electricity Production	704 GWh	Mar/21
Industrial Production	4.7 %	Mar/21
Mining Production	-8 %	Feb/21
Industrial Production (MoM)	0.5 %	Mar/21

Business Indicators

Indicator	Data	Period
Business Confidence	2.8 index points	Apr/21
Corruption Index	57 index points	2020
Corruption Rank	42 place	2020
Ease of Doing Business	19 place	2019
Manufacturing Production	0.8 %	Feb/21
Competitiveness Index	66.98 Index Points	2019
Competitiveness Rank	41	2019
Economic Optimism Index	90.7 Index Points	Mar/21

Consumer Indicators

Indicator	Data	Period
Consumer Confidence	-1.8 index points	Apr/21
Retail Sales MoM	6.9 %	Mar/21
Retail Sales YoY	3.2 %	Mar/21
Consumer Credit	509 EUR Million \| 0.56 USD Billion	Dec/18
Consumer Spending	3691654 EUR Thousand \| 4.487 USD Billion	4Q/20
Households Debt To Income	32.19 %	2019

Housing Market

Indicator	Data	Period
Construction Output	4.4 %	4Q/20

Government Debt

dept_icon

15.497

USD Billion

#49 from 65 countries

Balance of Trade

balance_icon

-0.06

USD Billion

#90 from 173 countries

Gold Reserves

gold_reserve_icon

6.66

Tonnes

#79 from 114 countries

Foreign Exchange Reserves

gold_reserve_icon

4.473

USD Billion

#87 from 114 countries

Government Budget Value

balance_icon

-0.808

USD Billion

#113 from 113 countries

Inflation Rate

inflation_icon

0.3

%

#78 from 174 countries

Interest Rate

discount_rate_icon

0

%

#147 from 159 countries

Bank Lending Rate

credit_rate_icon

3.69%

#30 from 55 countries

Unemployment Rate

unemployment_icon

7.9

%

#79 from 171 countries

Wages

salary_icon

1112.165

USD/Month

#46 from 82 countries

Retirement Age

man_icon

woman_icon

63.75

63.75

men

women

Taxes

company_icon

private_icon

20%

31.4%

company profits

income of individuals

1

2

3

4

5

6

7

8

9

10